DEPARTMENT OF BANKING AND FINANCE

The study looks at the impact of consumer attitudes on insurance sales contracts in Benin Metropolis, Edo State, Nigeria. A structured questionnaire was sent across eight departments of the University of Benin's Faculty of Management Sciences in Benin City to collect primary data. Of the 110 questionnaires distributed, 100 were returned. We employed percentage analysis for demographic data, descriptive statistics for average responses to questions, and the Ordinary Least Squares (OLS) regression method to determine the impact of customer attitudes and other variables consider on insurance contract sales. The finding reveals that consumer’s attitude, employment and income have significant effect on insurance contract sales in Benin metropolis at 1% and 5% level respectively (except for income). Thus, the study concludes that consumer’s attitude affect insurance contract sales in Benin metropolis of Edo state Nigeria.

This study investigated the impact of key macroeconomic variables on stock market performance in Nigeria over the period 1990 to 2023. Specifically, the study examines the influence of inflation rate, unemployment rate, GDP growth, interest rate, exchange rate, and crude oil prices on stock market capitalization, which serves as a proxy for market performance. Employing the Fully Modified Ordinary Least Squares (FMOLS) technique well-suited for addressing cointegration and correcting for endogeneity and serial correlation, the study found that inflation has a positive and statistically significant effect on stock market
performance, while unemployment exerts a significant negative impact. In contrast, GDP growth, interest rate, exchange rate, and crude oil price exhibit statistically insignificant effects. These results suggest that while some macroeconomic indicators directly influence market performance, others may be mediated through structural and institutional factors. The study recommended targeted inflation control, employment generation, economic diversification, and coordinated macroeconomic policy reforms to strengthen the responsiveness of Nigeria’s stock market to economic fundamentals.

The study investigates the relationship between external debt and economic development in Asian countries. The study adopts a quantitative research approach, utilizing statistical analysis to examine the relationship between external debt and economic
development in Asia. The outcome of the study revealed that external debt has a negative impact on GDP growth rate(D(GDPGR) and was statistically significant at 5% level. Inflation have negative impact on GDP growth rate ; and statistically significant at the
conventional significance level of 0.05; poverty rate was found to have negative impact on GDP growth rate while holding other variables constant and this variable was statistically significant at 5%. The study however recommends that policymakers should exercise caution when accumulating external debt. It's essential to ensure that external borrowing is used for productive investments that generate economic returns to cover debt servicing costs;continue to monitor and manage inflation to ensure it remains within an acceptable range. High and volatile inflation can disrupt economic stability and erode the purchasing power of citizens. Policymakers should prioritize poverty alleviation measures as an integral part of economic development strategies and ef orts to reduce poverty can include targeted social programs, job creation initiatives, and access to education and healthcare. Develop economic policies that promote inclusive growth, ensuring that the benefits of economic development are distributed more equitably across society.

This study investigates how the prudential guideline affects the performance of Nigeria's deposit money banks between the periods 2010 to 2022. In order to examine the panel data obtained from the financial reports of the different banks, the study used descriptive statistics, correlation analysis, and the Panel Least Square (PLS) approach. According to the findings, capital adequacy has a favorable and considerable impact on deposit money banks' performance while sensitivity to market risk have a significant and negative impact on deposit money bank performance. However, asset quality, earnings quality and liquidity ratio fail the significant test. The study comes to the conclusion that the performance of deposit money banks in Nigeria throughout the analyzed time is significantly influenced by capital adequacy and sensitivity to market risk. The study suggests that, in order to improve the performance of deposit money banks in Nigeria, the current capital adequacy ratio should retained since it improve the performance of deposit money banks in Nigeria. Also, since the performance of deposit money banks are impaired by increases in sensitivity to market risk. To enhance the performance of deposit money banks, sensitivity to market risk must be kept within an acceptable range

This study empirically examines the link between financial technology and the rise of cybercrime in Nigeria. The intensity of detected cybercrime (measured in billions of naira) was used as the dependent variable, with three financial technologies, ATMs, internet services, mobile banking and a control variable (an organizational dummy involved in combating cybercrime). are regressed on four explanatory variables consisting of In Nigeria, like EFCC. The ordinary least squares (OLS)
econometric method was used for estimation. Empirical evidence shows that financial technology has a significant impact on cybercrime in Nigeria. ATMs, Internet, and mobile banking facilities in particular are positively and significantly associated with cybercrime in Nigeria. Further evidence shows that cybercrime, cybercrime rates, albeit with a weaker impact, with more active efforts on the part
of the EFCCC to curb cybercrime in Nigeria. This suggests that more efforts are needed. Given the empirical evidence, the development of sophisticated new and innovative cybercriminals to tame technological devices is essential. This should go hand in hand with strong institutional capacity such as the EFCC and strengthening the legal and judicial framework. Reducing the incidence of cybercrime in Nigeria to negligible levels

This study carried out a research on liquidity and performance of listed manufacturing firms in Nigeria. The population of the study is one hundred & five (105) Manufacturing sampling firms. Four research questions and four hypotheses were stated. Data collection was from Nigeria Stock Exchange through the MachameStat. The data was analyzed in line with the research questions and hypothesis. Descriptive Statistics was conducted; the Pearson correlation coefficient was employed and the panel least squares methods in testing the hypotheses of this study. It was revealed that in research question 0, which implies that we should reject the null hypothesis �0 which state that There Is No Significant Impact of profit after tax margin (PATM) on the Performance Of listed Manufacturing firm In Nigeria. The research question 1, this result suggests that we accept the hypothesis ��1 which states that there is no significant effect of debtor management(DEBT_CA) on the performance/profitability of listed manufacturing firm in Nigeria

The study empirically examined the impact of electronic banking on deposit money banks performance in Nigeria for the period 2009 to 2023. The specific objectives of the study were to examined the impact of mobile banking (MBANK), internet banking (IBANK), point of sales terminal (POS) and automated teller machine (ATM) on deposit money banks performance. The fully modified least square econometric technique was employed for analysis of data and the results obtained indicate that mobile banking (MBANK) and point of sales terminal (POS) has significant negative impact on deposit money banks performance; internet banking (IBANK) and has significant positive relationship with deposit money banks performance; while automated teller machine (ATM) has a weak negative impact on deposit money banks performance in Nigeria. The study therefore conclude that, in the determination of deposit money banks performance (DMBP), MBANK, IBANK and POS are major factors to be considered by
management, policy makers and the government. These variables must not be ignored in policy decision making otherwise, it will spell doom for the Nigerian banking industry.

The place of the insurance industry in modern financial markets has become more significant, especially in sub-Saharan African (SSA) countries. This central role of the insurance sector has heightened evaluations of how the sector interplays with other aspects of the economy, especially in the drive for sustainable development. In this study the relative effects of insurance sector development and carbon emissions on economic growth in SSA is examined. The study focuses on the roles of different insurance sector factors and how these factors explain the effects of carbon emissions on economic growth in the region. On this basis, the study also assessed the existence of the Environmental Kuznets Curve (EKC) hypothesis for SSA countries and the directionp of causality among the environmental, economic and insurance variables. Insurance development is measured as insurance penetration, insurance density, and insurance premium size, while carbon emission is measured by the tons of CO2 emissions and augmented by greenhouse gas emissions. A panel of nineteen (19) selected SSA countries is employed in the study for the period 2000 to 2023. The study also evaluated the underlying dynamic interactions between insurance and the economy. Hence, the Pooled Mean Group (PMG) estimation technique is used in the empirical analysis to estimate the long-run and short-run relationship amongst the variables for the panel analysis. The study finds that while insurance penetration and density significantly improve economic growth in the long run, the positive effect of gross premium payment is found to be only evident in the short run. There is also evidence that the Environmental Kuznets Curve hypothesis (EKC) exists for the selected Sub-Saharan African countries. In the same vein, while insurance sector development is found to significantly moderate the relationship between carbon footprint and economic growth, granger causality is shown to exist only from economic growth to insurance sector development in SSA. The findings from the study imply that insurance sector development directly improves economic growth in SSA and indirectly promotes growth by mitigating climate change effects. It is therefore recommended that insurance take-up needs to be prioritized by policy makers in SSA by deepening green insurance policies in the long run.

This study examines the impact of macro-economic variables on income inequality in Nigeria, using a multiple regression analysis. The study employs a data set covering the period1980-2020 obtained from the World Bank and the National Bureau of Statistics (NBS) of Nigeria. Themacroeconomic variables considered include GDP growth rate, interest rate, and exchange rate. The results of the study reveal significant relationships between these macroeconomic variablesand income inequality, as measured by the Gini coefficient. Specifically, the findings indicatethat GDP growth rate and inflation rate have a positive and significant impact onincomeinequality, while unemployment rate has a negative and significant impact. The study alsofindsthat interest rate and exchange rate have a significant impact on income inequality, althoughthedirection of the relationship varies. The study concludes that macroeconomic policies aimed at reducing income inequalityinNigeria should focus on promoting economic growth, controlling inflation, and reducingunemployment. Additionally, the study highlights the need for policymakers to carefullyconsider the potential impact of interest rate and exchange rate policies on income inequality. The findings of this study contribute to the existing literature on the relationship betweenmacroeconomic variables and income inequality, and provide valuable insights for policymakersseeking to reduce income inequality in Nigeria.

When an individual or community lacks the means of subsistence, they are said tobeinastate or situation of poverty. Microfinance banks are financial establishments designedtohandle relatively small deposits and loans with a focus on helping the underprivileged. Theimpact of microfinance banks in reducing poverty in Nigeria is examined in this study. Thechi-square technique and the t-test were used to evaluate the data. The conclusionof thehypothesis was that microfinance banks have a beneficial effect on reducing poverty. According to the results, it is advised that the interest rates of microfinance banks be loweredin order to draw more clients to the institution, and the loan size should be increasedinorderto satisfy client needs. Additionally, there should be thorough orientation for bothbankemployees and consumers, as information is power and the fight against poverty cannot bewon without a sufficient level of public education. Also, the government has to introduceregulatory measures that support and enhance the efficiency of microfinance institutions.